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Pakistan is the 8th largest exporter of textile commodities in Asia and textile sector contributes 8.5% to the GDP of Pakistan. The total textile sector exports reached $7.72bn value-wise in July-January 2018 versus $7.2bn in the corresponding period of last year, reflecting an increase of 7.18 pc.

Related Keywords: acrylic yarn, polyester yarn, Spun yarn export, viscose yarn, yarn export prices, yarn export to bangladesh, yarn export to china

The fall in FOB per unit export price of spun yarns is apparently arrested in January. The month saw close to 115 million kg of all kinds of spun yarns exported from India worth Rs 2,470 crore or US$398 million, implying per unit realisation of US$2.98 per kg. This was US cents 3 higher than the realisation in December 2014. However, it was US cents 38 lower from January 2014.

Related Keywords: acrylic yarn, dyes natural, Ethiopian govt, first factory, license for textile manufacturing, PPESA, production capacity, Saygin, Saygin Dim Textile factory, sells shares, spins, synthetic fibers, textile companies, to produce, Turkish private sector, weaves

The Ethiopian government sells all of its shares in the Saygin Dima Textile Factory S.C. to its Turkish private sector partner company Saygin. The Turkish company will pay 563 million Br over five years for 90pc of the value of the government's share.

The Privatization & Public Enterprises Supervising Agency (PPESA), established the textile factory in partnership with Turkish investors in 2009, with a capital of 78.5 million dollars. Originally, the government owned 60pc of the company, while Saygin, a Turkish company, owned the remaining 40pc.